this post was submitted on 13 May 2025
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chapotraphouse

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31
India: The Most Indebted People in the World (marcellus.in)
submitted 3 months ago* (last edited 3 months ago) by FuckyWucky@hexbear.net to c/chapotraphouse@hexbear.net
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Not Government debt but private debt. This article doesn't lump together Gov and private debt which is good.

If anything more Government spending which creates Government "debt" is needed to reduce private indebtedness.

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[–] ksynwa@lemmygrad.ml 6 points 3 months ago

The crazy bit is that this is without Hindutva neoliberalism at its zenith. There is still a lot more impoverishment that can and probably will be done. Meanwhile opposition parties are useless.